Valuing patents using renewal data: an inquiry into the feasability of an automated patent scoring method

Marc Baudry and Béatrice Dumont

No 2012-31, EconomiX Working Papers from University of Paris Nanterre, EconomiX

Abstract: In this paper, we address the problem of patent valuation. With this aim in view, we focus on the feasibility of a patent rating system. This leads us to develop a structural model of patent renewal decisions based on real options that links patent renewals and patent value and to estimate it on micro level data. Results for a sample of European patents show that unobserved heterogeneity is too high to efficiently discriminate among patents and cast some doubt on the possibility to develop a reliable rating system based only on patent metrics.

Pages: 49 pages
Date: 2012
New Economics Papers: this item is included in nep-ino, nep-ipr and nep-pr~
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Citations: View citations in EconPapers (3)

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Working Paper: Valuing patents using renewal data: an inquiry into the feasability of an automated patent scoring method (2012)
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